Apply this year or wait another season?

Question

Hello everyone, I am new to this forum and would like some advice from you all. I graduated in 2012 with my Bachelor of Science in Accounting degree from an AACSB accredited institution. While there I earned a 3.86, Summa Cum Laude. I started working in April of this year, as a Portfolio Analyst within Corporate Banking of one of the top banks in the country. I am getting great experience analyzing all types of companies. Since I have been there for only 5 months, I have not yet reached "Independent" status yet, but I should be able to reach this milestone by the end of the year. Once an Independent Analyst, not only would I get a raise, but I would also start reviewing newer analysts work, get Portfolio Manager training and get trained on various other aspects of the job, e.g., tax analysis, projections, and some other stuff. This is where the dilemma sets in. If I want to apply for a top Business School this winter, not only can I not talk about many of the aspects of this job that the future would grant me, but my manager's recommendation letter would surely not be as good as if I wait until winter of 2014 to apply.

So my question to you all is the following: Should I even bother applying this winter when I will only have 8 months of experience (1 year and 4 months by the time the program starts) and I certainly will not have performed and learned to my potential in my position? Would it be a better strategic move to wait until December-January of 2014-15 to start applying by which I will have much stronger experience as an Analyst (1 year and 8 months at application, 2 years and 5 months by the time the program starts).

By the way, if I am to apply this winter, I have to cram GMAT studying during the next 3 months...and prepare every other aspect of my application. Is it even possible with a full-time job? Please give your opinion on my situation. Thanks.

missxmelon · Answer

It sounds like you already answered your own question. Is there any reason why you want to apply earlier? If not, apply in 2014 (for fall 2015 matriculation) so you can gain more work experience, develop extra-curricular activities, maybe even get a promotion under your belt, prepare for and take the GMAT, and have sufficient time to write your essays / prepare your recommenders.

gabela7 · Answer

The only reason I could give for doing it next year is that I would be able to be done at age 27 instead of 27 (I know, not a big deal) but when planning life and marriage etc., it is something to consider.

Posted from my mobile device

Posted from my mobile device

CriticalSquare · Answer

Hey there,

My answer will be brief but only because your question warrants a fairly straight forward response. You shouldn't apply this year. 8 months of work experience isn't just low, it's not enough. You are in a good spot and additional time will only work to strengthen and improve your experience set and trajectory.

You absolutely should take your time, prep for your GMATs, and then reassess next fall. Also, that gives you the opportunity to plan ahead over the summer of 2014 to make sure you hit R1 deadlines. Additionally, it gives you wiggle room in the event you need to retake the GMAT. Not saying you'll need to - I'm sure you'll rock it!

Bhavik

Apply this year or wait another season?

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